789 Michael Ct
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789 Michael Ct

D

Vista, CA 92081

$1,099,000
NEW — 0d

Beds

4

Baths

3.5

Sqft

2,442

Year Built

2026

Days on Market

0

Property Type

Single Family

HOA/mo

$361

MLS ID

260012375SD

This property is in Vista (92081). View neighborhood stats →

About This Property

This home is on sale with over $50,000 in buyer's incentives. Set on a New Cul De Sac, on Melrose Way off of South Melrose. New Construction with exceptional backyard and outdoor living spaces - Move in Ready. Welcome to South Vista’s newest luxury enclave—an exclusive release of just nine homes in Phase One, with move-ins beginning February 2026. Ideally located steps from Breeze Hill Elementary, this intimate community blends modern comfort with thoughtful design in one of Vista’s most desirable neighborhoods. These stunning two-story homes feature 4 spacious bedrooms and 3 full bathrooms plus a powder room, including a ground-level guest suite perfect for multigenerational living or visiting guests. Bright, open-concept living showcases quartz countertops, custom-tiled showers, luxury vinyl plank flooring, gourmet kitchen, with center island, premium Bosch appliance package with a range, dishwasher, 36-inch refrigerator, and microwave. Classic tile roofs and refined designer finishes elevate the style throughout. Each homesite offers large private backyards ideal for outdoor living—with ample room to add a swimming pool, garden, or expanded entertainment area. Additional highlights include 2-car garages, a private street, and a base solar system included for energy efficiency. With limited availability in this premier location, these homes offer the perfect blend of luxury, convenience, and value in the heart of South Vista. Secure one of the first releases today. Use 1205 Melrose Way as the new project gps address. This home is ON SALE! This weekend take advantage for buyer incentives! Large backyards. Full Fit and Finish Warranty, Bosch appliances. Nice private location. New Street off of Melrose Way, gps 1205 Melrose Way for directions.

Mortgage Calculator

Est. Monthly Payment

$7,338

Principal & Interest$5,557
Property Tax$1,099
Insurance$321
HOA$361
%($219,800)
%

Location

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Investment Score

3D
Est. Monthly Rent
$3,847
Monthly Cashflow

Rent − PITIA

$-3,491
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,292

Mortgage (P+I)
$5,557
Cap Rate
0.29%
Cash-on-Cash
-28.89%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$10,719

NOI (Annual)
$3,184
Price-to-Rent

Lower = better for investors

23.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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